MOSCOW (MRC) -- Qatar Petroleum (QP) and Qatar Petrochemical Company (QAPCO) have signed the FEED contract with Tecnimont SpA for the Al Sejeel Petrochemical Complex, to be built in Ras Laffan Industrial City, according to the Qapco's statement.
The signing of the FEED contract for the project, in which QP and QAPCO own respectively 80% and 20% equity interest, marks a strategic milestone for the progress of the mega-petrochemical complex.
The complex's construction scheduled for completion in 2018. It will comprise the worlds largest mixed-feed steam crackers, and is designed to produce 2.2 million tpa of polymers, including polyethylene (PE) - high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) - and polypropylene (PP) resins.
Al Sejeel Petrochemical Complex will surely be unique in terms of its feedstock, as it will assure production efficiency and access to a steady supply of critical chemical building blocks while increasing its global competitiveness. The plants will be processing several feed types simultaneously, namely ethane, butane, and naphtha, ensuring an optimum use of natural resources and allowing extra flexibility and diversity in terms of products.
"It is the vision of our leadership to harness the tremendous potential of the petrochemical sector, and to embark on a large-scale expansion of our downstream industry. To this end, we aim to raise our petrochemical output to 23 million tpa by 2020, thus supporting the growth and diversification of the Qatari economy," Dr. Al-Sada added.
Over the course of one year the project has achieved significant progress.
As MRC informed previously, this summer, QP and Qapco signed technology licence contracts for the multibillion dollar Al Sejeel petrochemical complex with Univation Technologies for the PE technology and Dow Chemical for PP technology. The Project Management Contract (PMC) was also awarded, marking the firm progression of the project, as Al Sejeel is entering phase IV.
Tecnimont SpA is a leading global engineering, procurement and construction (EPC) with a vast experience to execute large and complex projects worldwide, being in particular the market leader in polyolefin with about 30% of world installed capacity. In Qatar Tecnimont has already experience as EPC contractor for petrochemicals.
Qatar Petroleum is a state owned petroleum company in Qatar.
Qatar Petrochemical Company (QAPCO) is a Qatar-based company established in 1974 and is a joint venture between Industries Qatar (80%) and Total Petrochemicals (20%). The company is currently one of the largest producers of low density polyethylene (LDPE) in the region. In addition to LDPE, QAPCO also produces linear low density polyethylene (LLDPE), ethylene, and sulfur, which it sells to over 4500 industry customers in 145 countries through its extensive global marketing network.
MRC